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1261. Property valuations and uncertainty clauses

Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...

1262. Cyprus awaits relaxation announcements as cases rise

The Health Ministry’s announcement of Tuesday’s coronavirus cases sounded the alarms, cutting short the restrained optimism that had prevailed thus far....

1263. Sexual abuse complaints hit double digits

Police say over ten official complaints involving sexual abuse allegations were under investigation, as one case after the other came forward in Cyprus’ own MeToo movement...

1264. Cyprus begins to thaw as temps rise

A high pressure has moved into the area over Cyprus this week, with strong winds remaining over local areas and temperatures gradually on the rise...

1265. Cold continues through the weekend

A cold front affecting Cyprus this week is expected to last through the weekend, despite a gradual rise in temperature, with rain chances not going away before Monday...

1266. Cold snap coming as air pressure drops

A low pressure system from the west is moving back into to the area, bringing cold weather and showers along with strong winds later in the day, while a yellow warning is in effect for 24 hours...

1267. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

1268. Rain and temperature swings in the mix

A low pressure system drifting northwest is affecting the island on Wednesday with high chances of showers and thunderstorms in the afternoon as well as temperature swings through the early weekend...

1269. Astra offers small concession, EU pleads for UK-made shots amid vaccine row

AstraZeneca has offered to bring forward some deliveries of its Covid-19 vaccine to the European Union while the bloc has asked the British drugmaker if it can divert doses from the UK to make up for a shortfall in supplies, European officials told Reuters....

1270. Quake rattles Cyprus, no damage reported so far

An earthquake with an estimated magnitude of 5.1 shook Cyprus on Thursday afternoon, though reports of any damage have yet to emerge...

1271. The chaos of the pandemic in the north

The coronavirus pandemic is continuing to affect the north against the backdrop of broad political and economic insecurity, with the recent manoeuvres of the Ersan Saner ‘government’ raising questions as to the ability of the Turkish Cypriot leadership to effectively address the pandemic....

1272. Top editor quits over Anastasiades claim

A renowned journalist and editor-in-chief at Kathimerini Cyprus has resigned his post amid backlash from a piece he wrote on Sunday, where he claimed Cypriot President Nicos Anastasiades let slip information that he had been flying millions generated from golden passports to the Seychelles on private flights...

1273. Cyprus puts national minimum wage on hold until full employment

The Cyprus government will launch a social dialogue for the implementation of the national minimum wage when full employment is reached, namely when unemployment is around 5%....

1274. A timeline of the coronavirus pandemic in Cyprus

The coronavirus pandemic in Cyprus, which kicked off mildly at first with double-digit daily new cases before the second wave sent the island into unprecedented terrain with hundreds of daily new cases and the healthcare system ready to give in at any given time, can be generally divided into four stages. ...

1275. The Greek scientist developing 6G

At the moment Greece is unveiling the 5G communications network, on the opposite end of Europe, a Greek professor, a communications engineer, is getting a grant from the European Research Council to develop 6G....

1276. Cyprus puts travelers from UK up in hotels

Cyprus’ health ministry rushed to clarify instructions for airports on Monday amid fears of a coronavirus mutation, saying a 7-day mandatory self-isolation for all adult travelers from the United Kingdom will take place in hotels with the state footing the bill...

1277. Signs of stabilization as Cyprus preps for inoculations

The coronavirus situation is showing signs of stabilization and a drop in the number of daily cases is expected, member of the government’s health advisory committee Dr Petros Karayiannis said Wednesday....

1278. Cyprus still battered by severe weather

An orange warning is in effect in Cyprus, which is still being battered by severe weather that landed hard on the eastern Mediterranean a day earlier...

1279. Bomb goes off ahead of 5G auction

An explosion took place outside a CYTA branch in Limassol with media speculating the attack could be linked to an upcoming announcement this week over 5G contracts...

1280. COVID-19 to disrupt holiday shopping plans

1281. Coronavirus death toll rises by one, 182 new cases detected

The health ministry announced one coronavirus fatality and 182 new cases on Monday, when 7,551 tests were conducted and total cases detected so far in the Republic of Cyprus jumped to 10,565....

1282. Moderna to seek US, EU authorization for vaccine on Monday

Moderna Inc will apply for US and European emergency authorization for its Covid-19 vaccine on Monday after full results from a late-stage study showed it was 94.1% effective with no serious safety concerns, the company said....

1283. Global IPO activity rebounds sharply

Q3 2020 bucked the traditionally slow IPO period as travel slowed, work from home and the markets were awash in liquidity resulting in the most active third quarter in the last 20 years by proceeds, and the second highest third quarter by deal numbers...

1284. Cyprus police investigate child marriages

A Cypriot court has ordered two males in remanded custody pending an investigation into two cases of child marriage, after police said it emerged that the two suspects performed civil unions with underage girls who had traveled to Cyprus...

1285. Support schemes averted drastic rise in unemployment

The package launched by the government to support employees and businesses amid the coronavirus pandemic has averted a drastic rise in unemployment, labour minister Zeta Emilianidou said Thursday....

1286. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....

1287. Network resilience in a post-pandemic world

While telcos have largely risen to the challenge of withstanding a surge in network demand during the COVID-19 pandemic, pressure to maintain infrastructure resilience and expand reach emerges as the most pressing sector challenge...

1288. 224 cases detected as hospital patients rise

224 coronavirus cases were detected on Friday, when 3,693 tests were conducted, raising total known cases to 5,557....

1289. Greece enters three-week lockdown to stem jump in infections

The Greek Prime Minister Kyriakos Mitsotakis announced on Thursday a three-week nationwide lockdown in an effort to stop an “aggressive” jump in infections, a rise in intubations and intensive care admissions....

1290. Commission warns Cyprus over lacking anti-money laundering legislation

The European Commission on Friday sent a reasoned opinion to Cyprus for failing to transpose the 5th Anti-Money Laundering Directive (AMLD5) into national law....